Investment

Funding, diligence, and investor insights

A SAFE Is a Price You Have Not Named Yet

Y Combinator’s post-money SAFE converts on a later priced round. It is not a loan, and it is not automatically valid outside the US.

Startup Funding Rounds, Read as a Calendar

Carta's Q4 2025 sample puts median seed-to-Series A at 1.9 years. Treat the gap as runway math, not a compliment.

Private Shares Are Liquid Only After the Gates Open

A buyer is only one input. Transfer restrictions, securities law, information, tax, company consent, and settlement decide whether a secondary sale closes.

Prepare Legal Diligence as a Chain of Authority

Legal diligence asks whether the entity, securities, IP, contracts, people, data, disputes, and filings match the company's claims.